PERMITTED MORTGAGE FINANCING

PERMITTED MORTGAGE FINANCING. Shall mean any financing (or series of related financings) by the Guarantor or any of its Subsidiaries after the Effective Date that is secured by a mortgage on one or more Facilities, provided that (a) the proceeds of such financing (except to the extent that Permitted Mortgage Financings of Facilities acquired after the Effective Date are excluded by the definition of "Net Cash Proceeds") are applied to the repayment of Loans (as defined in the Credit Agreement) as provided in Section 3.02(b)... of the Credit Agreement, (b) such financings are otherwise permitted by the terms of Section 9.08 of the Credit Agreement, and (c) in the case of each such mortgage financing by a Subsidiary of the Guarantor, each such mortgage created thereby is a Permitted Mortgage. View More